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These states offer women the worst/best mortgage deals (Maine makes 1 list)
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Women pay more for mortgages in Alabama than almost any other state
Updated Apr 01, 2021;
Posted Apr 01, 2021
Women get a raw deal on mortgages in nearly every corner of the country, a new analysis of federal data has found. (Wutthichai Luemuang/Dreamstime.com/TNS)TNS
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Women get a raw deal on mortgages in nearly every corner of the country, a new analysis of federal data has found. Compared with single male borrowers, single female borrowers pay higher rates that add up to thousands of dollars in additional costs.
That’s according to research by mortgage startup Own Up, which used Home Mortgage Disclosure Act data to compare mortgage rates paid by single women to those paid by single men applying for loans. Women paid more in every state except Alaska, Own Up found.
2020 HMDA Preliminary Modified LAR Files Integrated Into RiskExec
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WASHINGTON, April 1, 2021 /PRNewswire/ Asurity announces the immediate integration of the 2020 Home Mortgage Disclosure Act (HMDA) Preliminary LAR files made available by the Consumer Financial Protection Bureau (CFPB) on Wednesday, March 31 into its RiskExec platform. RiskExec is a comprehensive web-based compliance reporting and analysis platform that automates HMDA, CRA, redlining, and fair lending processes.
The downloaded 2020 HMDA data includes 4,400 institutions comprising over 25 million records. RiskExec learned that on March 31st, the CFPB began loading the 2020 HMDA data onto their files platform. We prioritized getting the data to every RiskExec client, and are pleased to report that the morning of April 1st, all RiskExec clients gained access to the released data, says
The Federal Financial Institutions Examination Council (FFIEC) recently
issued the 2021 edition of
A Guide to HMDA Reporting (Guide). The Guide addresses the collection and reporting of residential mortgage loan application data under the Home Mortgage Disclosure Act (HMDA) for calendar year 2021.
The Guide reflects the changes to the HMDA reporting thresholds that the CFPB
adopted in April of 2020.
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